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Yancoal Australia Q1 Commercial Coal Production up 2%, Sales up 19%

https://en.steelhome.com [SteelHome] 2019-04-18 10:34:42

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Yancoal Australia Co.,Ltd on April 16 released the announcement that its commercial coal production in the first quarter of 2019 was 13 million tons (total), up 2 percent on year; equity commercial coal production was 8.8 million tons, up 11 percent; commercial coal sales (equity) was 9.4 million tons, up 19 percent on year.

Yancoal sells high-quality thermal coal, with the price quoted lower than Globalcoal 6000 kcal index.
The warming-up in Europe, decrement in China's thermal coal imports and natural gas price drop pressurize global coal price index. However, the strong demand from Asia to high-quality thermal coal sustains. The high-quality thermal coal supply is tight. Marketers predict that price will be maintained in mid term.

(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733)
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